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The Latest Breaking News from Asia

SpaceX, OpenAI windfall fuels bets on next-wave Asian AI winners

Anticipating significant capital raises from tech giants like SpaceX and OpenAI, investors are shifting focus to Asian supply chain companies. This strategic move aims to capitalize on anticipated increased technology spending, particularly in server parts, specialized materials, and power equipment, potentially fueling a new rally in Asian stock markets.

The Economic Times

Iran-US war latest: Israel captures 900-year-old castle in deepest incursion into Lebanon in 26 years

Senior Iranian official accuses Donald Trump of 'betraying diplomacy for third time'

The Independent UK

Soaring prices during the Iran war jeopardize travel to tourism-dependent countries in Asia

The war in Iran threatens to disrupt international travel to Asia, where the tourism industry has yet to fully recover from the the COVID‑19 pandemic

AAP

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Japan pushes back against accusations of 'new militarism'

Japanese ⁠Defence Minister Koizumi Shinjirō denied accusations of "new militarism" in a speech delivered at the Shangri-La Dialogue in Singapore, Asia's premier forum for defence leaders, militaries and diplomats.

Bangkok Post

US defence secretary Hegseth chides Europe, hails ties with China & Asia allies

US Defence Secretary Pete Hegseth lauded Asian allies like South Korea and Japan for defence contributions. He also noted improved ties with China following President Trump's meeting with Xi Jinping. Hegseth criticised European nations for weakening their militaries.

The Economic Times

Pentagon chief sounds ‘alarm’ over China buildup

SINGAPORE - US Secretary of Defense Pete Hegseth on ‌Saturday urged Asian allies to ramp up military spending to counter China’s growing power and prevent its dominance in the region, warning of “rightful alarm” over its rapid military buildup.

Bangkok Post

'No state, including China, can impose hegemony': US secretary of war Pete Hegseth issues warning

US Secretary of Defense Pete Hegseth issued a blunt warning to China at Asia's premier defence summit on Saturday, declaring that "no state, including China, can impose its hegemony" while also taking aim at European allies for not pulling their weight.

The Times of India

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Pentagon chief urges allies to boost defence spending amid 'alarm' over China's buildup

Pentagon chief Pete Hegseth has voiced concerns over China's military expansion in the Pacific. He noted widespread alarm across the region regarding China's growing military activities. Hegseth emphasized that the United States does not desire unnecessary conflict. His remarks were made at a defense summit in Singapore. The US aims…

The Economic Times

This temple is the largest Hindu temple in New Jersey, and also the largest outside Asia

The BAPS Swaminarayan Akshardham in Robbinsville, New Jersey, stands as the largest Hindu temple complex in the US and outside Asia. This 183-acre site, opened in October 2023, showcases impressive traditional Indian stone architecture, featuring a 191-foot-high Mahamandir adorned with over 10,000 sculptures. The project, a decade in the making,…

The Times of India

Shangri-La Dialogue opens with China and doubts about US priorities topping concerns

Asia's top defense summit convenes amid rising concerns over China's military might and assertiveness. Leaders will discuss America's Indo-Pacific strategy and regional stability. The ongoing conflicts in Ukraine and the Middle East also feature prominently. Vietnam's leader opens the conference, followed by the US Defense Secretary. China's delegation is expected…

The Economic Times

PLX Asia Summit Introduces Southeast Asia's First Unified Private Label Platform

BANGKOK, May 29, 2026 /PRNewswire/ -- PLX Asia, Southeast Asia's first unified B2B platform dedicated to private label and contract manufacturing, was introduced today through the Industry Leadership Summit, marking the first step toward its full-scale trade event in 2027. Designed to connect retailers, manufacturers, and solution providers, PLX Asia…

AAP

Australia digs at China's low-key showing at Asia forum

For ⁠the second year running, China's Defence Minister Dong Jun has skipped the three-day ‌Shangri-La Dialogue in Singapore.

AAP

Energy shortage warning as soaring temperatures across Asia drive up demand

IN FULL

The Independent UK

Global stocks rise and oil price slips amid hopes of US-Iran peace deal - as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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The Independent UK

Early heatwaves and Iran war create perfect storm for energy shortages

IN FOCUS: Soaring temperatures across Asia are driving up energy demand just as the US-Israeli war against Iran squeezes supplies. Stuti Mishra reports

AAP

Agoda Recommends Destinations with Water Parks Worth Traveling For

SINGAPORE, May 29, 2026 /PRNewswire/ -- Travelers looking to beat the summer heat can find refreshing escapes with digital travel platform Agoda's recommendations for destinations featuring water parks in Asia. These locations promise family fun for all ages, offering a splash of excitement and relaxation. Water parks appeal to a…

AAP

Makera Showcases Z1 at BEYOND Expo 2026, Wins Best of Innovation Award for Making Precision CNC More Accessible

MACAO, May 29, 2026 /PRNewswire/ -- Makera, an innovator in desktop CNC manufacturing, showcased its upcoming Makera Z1—scheduled to launch global pre-orders on June 9—at BEYOND Expo 2026, held from May 27–30 at The Venetian Macao Cotai Expo in Macao (Booth K06). The Makera Z1 was honored with the BEYOND…

Bangkok Post

Siam Piwat launches global partnerships to capture luxury market

Siam Piwat Group, a global real estate and retail developer, is reinforcing its leadership by expanding its global luxury system with world-class partners to unlock new growth from an expanding wealthy customer base in Asia.

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RideApart

Honda Knows Something About Turkey’s Motorcycle Boom The Rest Of The Industry Doesn’t

Turkey combines Europe’s enthusiast culture with Asia’s dependence on motorcycles, painting a realistic picture of the future of two-wheeled mobility. And Honda is aiming to capitalize on that reality.

AAP

Pudu Robotics Founder & CEO Felix Zhang at BEYOND Expo 2026: Globalizing Physical Al: Building a Multi-Billion Dollar Robotics Powerhouse from Shenzhen

MACAO, May 28, 2026 /PRNewswire/ -- Pudu Robotics, a global leader in commercial service robotics, is showcasing its latest robotics innovations at BEYOND Expo 2026, one of Asia's leading technology and innovation events focused on the convergence of AI and the physical world. Alongside the exhibition, Felix Zhang, Founder and…

AAP

Asian Society of Cardiovascular Imaging and Philips sign MOU to strengthen imaging capabilities across Asia Pacific

SINGAPORE, May 28, 2026 /PRNewswire/ -- Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced a collaboration with the Asian Society of Cardiovascular Imaging (ASCI) to advance cardiovascular imaging education, clinical excellence and knowledge exchange across Asia Pacific (APAC). The Memorandum of Understanding (MOU) was…

Fortune

Asia is already grappling with a fuel crisis. A 'Super El Nino' threatens to make things worse

Drought and high temperatures will strain power grids right as countries are still scrambling for limited oil and gas supplies.

The Economic Times

US-China conflict over Taiwan risks a nuclear escalation, study finds

A new report from the International Institute for Strategic Studies warns that Asia is at the center of escalating nuclear rivalries, with a U.S.-China conflict over Taiwan risking nuclear escalation. The assessment highlights a lack of "guard rails" between the two superpowers, increasing the danger of unchecked conflict and a…

The Economic Times

Global clean-energy manufacturing supply far exceeds demand

Global clean-energy manufacturing capacity now exceeds demand. Asia, led by China, dominates production, pushing prices down. This oversupply benefits clean energy as an alternative to rising oil prices.

AAP

ASEAN Business Advisory Council (ASEAN-BAC) and AVPN Establish Regional Platform to Strengthen Corporate Social Investment and Cross-Sector Collaboration Across Southeast Asia

SINGAPORE, May 28, 2026 /PRNewswire/ -- The ASEAN Business Advisory Council (ASEAN-BAC) and AVPN today announced the establishment of the ASEAN CSR Working Group, a regional platform aimed at mobilising corporate philanthropy, Corporate Social Responsibility (CSR), and broader corporate capital, while supporting regional policy dialogue, ecosystem collaboration, and knowledge exchange…

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